Life Insurance in West Virginia

According to the American Council of Life Insurers, West Virginia residents have $80 billion in death benefit coverage in a combination of individual and group life insurance policies. On average, West Virginia policyholders of individual life insurance have $43,000 in coverage. For those among the statewide population of 1.8 million (from 2006 US Bureau of the Census data) who may be considering getting insurance, the choices available are many and varied.

Offices Responsible for Life Insurance in West Virginia

The organization responsible for regulating and licensing life insurance business in the state of West Virginia is the West Virginia Insurance Commission. The West Virginia Insurance Commission has various divisions including the Financial Conditions Division, which is in charge of licensing insurance companies in West Virginia. It also conducts financial monitoring as well as examines the financial and market conduct of the various insurance firms in the state. The Rates and Forms Division is responsible for reviewing and granting of approval of rate filings.

The Insurance Commission views its mission as helping the citizens of West Virginia when they have questions or disputes with an insurance company. The commission accepts consumers' complaints using a complaint form available online which is then mailed to the Insurance Commission office.

Contacts for the West Virginia Insurance Commission